Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Money changing activities.

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..... ttention of the Authorised Persons is invited to A.P.(DIR Series) Circular No. 63 dated May 20, 2011 on risks arising from the deficiencies in AML/CFT regime of Iran and Democratic People's Republic of Korea (DPRK). 2. Financial Action Task Force (FATF) has issued a further Statement on June 24, 2011 on the subject (copy enclosed) calling its members and other jurisdictions to apply counter-measu .....

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..... sed Persons are accordingly advised to take into account risks arising from the deficiencies in AML/CFT regime of these countries, while entering into business relationships and transactions with persons (including legal persons and other financial institutions) from or in these countries/ jurisdictions. 6. Authorised Persons may bring the contents of this circular to the notice of their constitu .....

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